The Economic and Financial Crimes Commission (EFCC) and the Nigeria Deposit Insurance Corporation (NDIC), have opened discussions on how to synergize their efforts for the purposes of ensuring that the nation’s banking industry is secured from fraudulent activities and by implication, stabilize the financial system. The Executive Chairman of the EFCC, Mr. Ola Olukoyede, made this […]
Nigeria’s Minister of Communications and Digital Economy, Dr. Bosun Tijani, has disclosed that in furtherance of the Federal Government’s ongoing efforts to enhance the quality of telecommunications services nationwide, the government and the International Telecommunication Union (ITU) have opened discussions targeted at protecting submarine cables and other digital infrastructure. Tijani, who made this disclosure on […]
With electronic waste (E-Waste) from the deployment, usage and disposal of computers, mobile phones, and TVs, among others, exponentially surging across the global landscape on daily basis, the International Telecommunications Union (ITU) has said there is a global concern over the rate at which the E-Waste is being generated. According to the global telecom body, […]
The Senate and House of Representatives Committee on Communications has approved the Nigerian Communications Commission’s (NCC’s) budget projection of N549.6 billion for financial year 2024. During a joint session of the Committee on Wednesday chaired by Sen. Ikra Bilbis, the telecom industry regulatory commission’s 2023 budget performance was reviewed in the presence of Dr. Aminu […]
The Central Bank of Nigeria (CBN) has restated the need for adequate financial literacy as a desirable step towards wealth creation, improved incomes, improved living standard for millions of Nigerians, particularly those in the grassroots. The apex bank’s Head, Consumer Education and Evaluation Division, Consumer Protection Department of the CBN, Lanre Gbadamosi, made this remark […]
Zone, one of the fast-growing Africa’s payment infrastructure companies, has raised $8.5 million in a seed funding round led by VC firms Flourish Ventures and TLcom Capital The fund raising marked a significant milestone in the company’s ongoing initiatives to build a Blockchain-based decentralized payment infrastructure for financial services providers in Africa and the other […]
The Nigerian Communications Commission (NCC) has reported that following the disruption last Thursday, March 14, which affected data and voice services due to cuts in undersea fibre optics along the coasts of Cote d’Ivoire and Senegal, telecom services have now been restored to approximately 90% of their peak utilization capacities. The telecom industry regulatory commission, […]
Nigeria Inter-Bank Settlement System (NIBSS) reported at the weekend that total registration for the Bank Verification Number (BVN) by bank customers in the country had increased to 61.16 million The NIBSS, in a report hoisted on its website indicated that as of last Friday, the BVN registrants totaled 61,166,384. In its earlier report published this […]
The National Identity Management Commission (NIMC) and the Nigerian Communications Commission (NCC) have announced a strategic collaboration aimed at enhancing processes for the linkage of the National Identification Number (NIN) and SIM by telecom consumers nationwide. In a joint statement by the Technical Adviser, Media, and Communications to the DG/CEO of the National Identity Management […]
The Nigerian Communications Commission (NCC) has canvassed the need for development fair and responsible Artificial Intelligence (AI) technology for the protection of telecommunication customers globally. The Executive Vice Chairman (EVC) and CEO of the commission, Dr. Aminu Maida, gave this charge to technology experts in his remarks at the 2024 World Consumer Rights Day, held […]